then that "higher raw material costs" due to the war would force Goodyear to take "meaningful actions to strengthen our cost structure.  The company reported segment operating income of USD 95 million in Q1 2026, including a USD 46 million benefit from a tariff adjustment following the recent U.S. Supreme Court decision, compared to USD 195 million one year ago, reflecting higher inflation and other costs this year. Goodyear's CFO Christina Zama...

News  Updated at: 2026/05/21

would immediately jump to much higher levels” if the bloc failed to do so. It was unclear which tariffs he was talking about since the U.S. Court of International Trade the day before had ruled that Trump's latest Section 122 10% global tariffs were illegal. That tariff was invoked after the U.S. Supreme Court’s February ruling against Trump’s IEEPA-based tariffs that formed the basis of the tariff on EU goods.  In his post, Trump called ...

News  Updated at: 2026/05/09

ernational Trade ruled against President Donald Trump's latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law.  The 2-1 ruling of judges in favor of the small businesses that challenged the tariffs that took effect on February 24, following the U.S. Supreme Court’s nullification of the previous International Emergency Economic Powers Act (IEEPA) based tariffs. In his February order, Trump invoke...

News  Updated at: 2026/05/09

lso pushing for a “sunset clause” that would terminate the deal in March 2028, unless renewed. Tensions have escalated in recent days, after President Trump threatened to impose 25% tariffs on EU cars, in breach of the agreement capping U.S. tariffs on EU goods at 15%. Following the recent U.S. Supreme Court ruling that declared the 2025 tariffs illegal, the U.S. currently imposes a 10% tariff on EU goods in addition to duties already in plac...

News  Updated at: 2026/05/07

U leaders and European Parliament, may not be finalized until June. The current dispute comes shortly after Commissioner Maroš Šefčovič visited Washington to meet senior U.S. officials. The deal has faced repeated setbacks, including pauses over Trump’s Greenland annexation threats and a U.S. Supreme Court ruling against the tariffs based on IEEPA. Although the 15% tariff deal was ruled illegal by the U.S. Supreme Court, the tax on cars was...

News  Updated at: 2026/05/05

y 38% higher year on year. With gasoline prices exceeding the symbolic USD 4 threshold, April sales have begun to show trends such as a higher share of electrified vehicles and a return to more affordable sedans and compact cars.Regarding additional tariffs, refund procedures have begun following a Supreme Court ruling that deemed them illegal. However, on May 1, President Trump stated that the EU was not complying with the terms of trade agreeme...

News  Updated at: 2026/05/02

compared to the same period last year as it has had to deal with tariff costs, a diminished EV market, and settlements with suppliers after cancelling programs. However, GM is raising its full-year 2026 EBIT adjusted guidance due to a favorable adjustment of USD 0.5 billion resulting from the U.S. Supreme Court decision regarding International Emergency Economic Powers Act (IEEPA) based tariffs. The company now expects gross tariff costs of USD ...

News  Updated at: 2026/04/29

Treasury Secretary Bessent says revised tariffs may be restored in July On April 14, U.S. Treasury Secretary Scott Bessent said that President Trump’s tariffs may be restored by July to the levels in place before the Supreme Court struck down many of his levies. “We had a setback at the Supreme Court in terms of the tariff policy, but we will be implementing or conducting Section 301 studies, so the tariffs could be back in place at the previ...

News  Updated at: 2026/04/17

U.S. launches IEEPA tariff refund system for importers On April 14, U.S. Customs and Border Protection said in a filing with the New York-based Court of International Trade that it has completed the development of the initial phase of the refund system, known as CAPE, for issuing refunds to importers for USD 166 billion the companies paid in IEEPA tariffs that the U.S. Supreme Court struck down in February as unlawful. While most automotive compa...

News  Updated at: 2026/04/16

maritime supply chains. On the other hand, protectionism gained momentum, with tariff barriers proliferating worldwide, further straining the global economy. Although the “reciprocal tariffs” introduced by the US in April 2025 targeting global trading partners were ultimately struck down by the Supreme Court in early 2026 after multiple rounds of adjustments, they had already inflicted damage on the world economy. Moreover, the final decision...

News  Updated at: 2026/03/30

U.S. ordered to begin issuing tariffs refunds, while states challenge new tariffs On March 5, a federal judge ruled that the U.S. government must begin paying out more than USD 130 billion in tariff refunds to U.S. businesses after the Supreme Court struck down President Trump's wide-reaching "reciprocal" tariffs. More than 2,000 companies have filed lawsuits seeking refunds for the illegal tariffs they had paid. The ruling from Judge Richard Eat...

News  Updated at: 2026/03/07

business environment and provide more facilities for car OEMs. It was agreed during the meeting to form a working group. It will include members of the Automotive Industry Unit from the Ministries of Industry, Investment, Foreign Trade, Finance, and Transport. It will also include members from the Supreme Council for Automotive Industry. The group will conduct a comprehensive and accurate review of all data and information related to the Nationa...

News  Updated at: 2026/03/06

nued reduction of the benchmark interest rate set by the central bank, Banxico, has made credit more accessible, supporting consumer demand and helping sustain sales levels. It was also recently reported that Mexico’s automotive industry could benefit from new U.S. tariff measures. After the U.S. Supreme Court ruled that the U.S. president lacked authority to impose broad tariffs under the IEEPA, previously applied duties were reduced from 25% ...

News  Updated at: 2026/03/05

as before the court had urged the Federal Circuit in Washington, DC, to immediately close out its phase of the litigation so that they can pursue refunds as soon as possible. Over 2,000 tariff lawsuits have been filed to date, nearly all of which were lodged in the trade court in New York after the Supreme Court heard arguments in November. The trade court paused all of the cases until the Supreme Court ruled. The U.S. Justice Department had argu...

News  Updated at: 2026/03/03

Trump argues against Supreme Court, wants rehearing of case On February 27 in a post of his Truth Social, U.S. President Trump expressed his displeasure at the U.S. Supreme Court decision regarding his IEEPA tariffs that he says could allow billions of dollars to be returned to countries and companies that he says have been “ripping off” the U.S.  ”It doesn’t make sense that Countries and Companies that took advantage of us for decades,...

News  Updated at: 2026/03/03

nance Committee Ranking Member Ron Wyden, D-Ore., Small Business Committee Ranking Member Edward J. Markey, D-Mass., and Foreign Relations Committee Ranking Member Jeanne Shaheen, D-N.H., released legislation to require full refunds of Trump’s IEEPA tariffs after they were struck down by the U.S. Supreme Court in a 6-3 vote. The Tariff Refund Act of 2026 legislation, if passed, would require the full refund of an estimated USD 175 billion colle...

News  Updated at: 2026/03/03

Mexican automotive industry benefited by new U.S. tariffs On February 23, it was reported that Mexico’s exports to U.S. end up being benefited by the new tariffs, including the automotive industry. On February 20, the U.S. Supreme Court ruled that the president lacked authority to impose sweeping tariffs under the IEEPA. Therefore, President Donald Trump enacted a provisional 10% tariff under Section 122 of the Trade Act of 1974 and signaled po...

News  Updated at: 2026/02/27

ewly-imposed 10%, without naming any specific trading partners or ⁠other ⁠details. "Right now, ⁠we have the 10% tariff. It'll go up ⁠to 15 % for some and then it may ⁠go higher for others, and I think ⁠it will be in line with the types of tariffs we've been seeing," Greer said. The U.S. Supreme Court ruled that Trump had exceeded his authority when he imposed tariffs based on IEEPA rules. While those tariffs will not be collected goin...

News  Updated at: 2026/02/26

d Taiwan all indicated a preference to stay with their deals as well. China meanwhile urged the U.S. on February 24 to abandon its "unilateral tariffs," indicating it was willing to hold another round of trade talks. The new 10% tariff, which replaces the IEEPA-based tariffs struck down by the U.S. Supreme Court, is based on a Section 122 law, and does not affect goods now tariffed under Section 232 laws, such as automobiles. (Detroit News articl...

News  Updated at: 2026/02/25

Trump responds to U.S Supreme Court ruling… with new tariffs On February 20, U.S. President Trump responded in many ways to the Supreme Court finding that his use of IEEPA tariffs were illegal on his Truth Social platform, as expected, but in one post, Trump laid out his way going forward. Crediting Justice Brett Kavanaugh, who was not in the majority on the court’s 6-3 finding, Trump said he will be going in a different direction that is eve...

News  Updated at: 2026/02/21